Nifty, Sensex trending higher – Thursday closing report
Moneylife Digital Team 15 July 2021
We had mentioned in Wednesday’s closing report that Nifty, Sensex may try to push higher if global cues support. On Thursday, the indices opened higher and ended with decent gains. On the NSE, there were 928 advances, 1,063 declines and 70 unchanged.
 
The trend of the major indices on Thursday’s trading are given in the table below:
 
 
Infosys reported 23% rise in consolidated net profit at Rs 5,195 crore compared to Rs 4,233 crore in the same period last year. Consolidated revenue grew 18% to Rs 27,896 crore compared to Rs 23,665 crore in the previous year.
 
Wipro reported 23% rise in consolidated net profit for the quarter ended 30 June 2021 at Rs 3,563.7 crore, compared to Rs 2,896 crore in the corresponding quarter of the previous financial year. Revenue grew by 22% to Rs 18,252.4 crore against Rs 14,913.1 crore in the previous year.
 
L&T Tech reported 84.5% jump in consolidated net profit at Rs 216.2 crore for the quarter ended 30 June 2021 compared to Rs 117 crore in the previous year. Consolidated revenue grew 17% to Rs 1,518 crore compared to Rs 1,295 crore in the previous year.
 
RBL Bank’s run rate of issuing 1 lakh credit cards per month could be hit due to the RBI’s restrictions on Mastercard from on-boarding new domestic customers. RBL Bank has entered into an agreement with Visa yesterday to issue their credit cards, but it will take 8 to 10 weeks.
 
Adani Ports and Special Economic Zone board has approved plans to raise USD 750 million on a private placement basis.
 
Jubilant Pharmova said that the US FDA had put its Roorkee facility under import alert. Earlier, the Roorkee facility had received an OAI in December 2018 and then a warning letter in March 2019.
 
Marico plans to acquire a 60% stake in Apcos Naturals, which owns the ‘Just Herbs’ brand of Ayurvedic hair & skin products. Marico said the equity stake will be acquired over a period of two years through primary infusion and secondary buyouts.
 
Tinplate Company reported net profit at Rs 68.62 crore against a loss of Rs 6.9 crore in year ago period. Revenue more than doubled to Rs 866.3 crore from Rs 379.76 crore year-on-year.
Hatsun Agro reported slight growth in net profit at Rs 58.33 crore compared to Rs 56.1 crore in the year ago period. Revenue rose to Rs 1,544.71 crore from Rs 1,279.3 crore in the previous year.
 
Cadila Healthcare has completed the sale of its animal healthcare undertaking of Zydus Animal Health and Investments to Zenex Animal Health India Private Limited.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
 
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